Call it by any name, but the BOE is inching to more QE stimulus. However, Great Britian may have to wait a little longer. The MPC voted 5-4 not to increase QE by 50 billion sterling and voted against Mervyn King. It is unusual that the MPC would vote against Governor King. It shows that there is not a consensus on what can be done to jump-start the economy.
The new Extended Collateral Term Repo program is being employed but there is a growing view that another QE round is necessary. However, there may have to be new tricks in the monetary bag because quantitative easing has generally become less effective as it has been more actively employed. .
The new Extended Collateral Term Repo program is being employed but there is a growing view that another QE round is necessary. However, there may have to be new tricks in the monetary bag because quantitative easing has generally become less effective as it has been more actively employed. .
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